March 7, 2014 9:18 am
The euro advanced to the strongest level in more than two-months against the US dollar after yesterday the European Central Bank decided to hold its main interest rate at a record low and announced that inflation is expected to gradually accelerate, easing concerns central banks officials will add monetary stimulus. Having reached a session high […]
Read moreMarch 7, 2014 7:57 am
Gold futures traded near the strongest level in more than four months and were poised for a fifth weekly advance, ahead of US payrolls data and as tension in Ukraine persisted. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged yesterday for a seventh day, the longest streak holdings have held steady […]
Read moreMarch 6, 2014 2:58 pm
Grain futures were mixed on Thursday, wheat extended a decline from a three-month high amid speculation for ample global supplies and as concern eased that tension between Ukraine and the Russian Federation may result in disruption of exports from the sixth-largest exporter, Ukraine. Meanwhile, soybeans advanced, while corn hovered near six-month high. On the Chicago […]
Read moreMarch 6, 2014 1:49 pm
The euro advanced to the strongest level in more than a week against the US dollar, after the European Central Bank decided to hold its main interest rate at a record low this month as stronger inflation and economic output eased pressure on central banks officials to take action. EUR/USD touched a session high at […]
Read moreMarch 6, 2014 12:48 pm
The pound traded little changed against the US dollar, following Bank of England’s decision to keep its benchmark interest rate and asset purchase facility program unchanged in March. Having reached a session high at 1.6750 at 14:01, GBP/USD trimmed earlier gains to trade little changed at 1.6711 at 12:44 GMT, losing 0.06% for the day. […]
Read moreMarch 6, 2014 9:57 am
Natural gas futures advanced on Thursday amid speculation a government report due later today may show US gas stockpiles depleted at a faster than the 5-year average pace, while they are already at a 10-year seasonal low. The energy source was also supported by weather forecasting models that called for below-normal temperatures across many densely […]
Read moreMarch 6, 2014 8:33 am
The yen declined to a two-week low against the US dollar after a Japans government advisory panel reported there was no need for the worlds largest Government Pension Investment Fund (GPIF) to continue focusing only on domestic bonds, citing accelerating inflation. USD/JPY hit a session high at 102.81 at 08:07 GMT, after which consolidation followed […]
Read moreMarch 6, 2014 7:35 am
Gold futures distanced further from the strongest level in more than four months, as investors weighed the crisis in Ukraine against Fed taper outlook and decreasing physical demand from China, the largest global bullion consumer. Also fanning negative sentiment, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged yesterday for a sixth […]
Read moreMarch 5, 2014 3:59 pm
The loonie, as the Canadian dollar is best known, advanced to the strongest level in two weeks against its US counterpart, after BoC decided to maintain its interest rate, citing economic growth and inflation that “continue to strengthen gradually”. Meanwhile, companies operating in the US private sector added fewer-than-expected jobs in February, while activity in […]
Read moreMarch 5, 2014 2:36 pm
Grain futures lost ground on Wednesday, corn eased off from a six-month high as concern eased that tension between Ukraine and the Russian Federation may result in disruption of exports from the Black Sea region. On the Chicago Board of Trade, corn futures for May delivery fell by 0.21% to trade at $4.8238 a bushel […]
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